SilverBow’s $354 Million Acquisition of Sundance Energy

Kirkland & Ellis represented Sundance in the transaction.

SilverBow Resources, Inc. (NYSE: SBOW) has entered into a definitive agreement to acquire substantially all of the assets of Sundance Energy, Inc. and certain affiliated entities (collectively, “Sundance”) for a total purchase price of $354 million and up to $15 million of contingent payments based on future commodity prices. The Sundance transaction, which is expected to close in the third quarter of 2022, has been unanimously approved by the Boards of Directors of both companies. The closing of the transaction is subject to SilverBow shareholder approval and satisfaction or waiver of customary closing conditions.

SilverBow Resources, Inc. (NYSE: SBOW) is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. 

Sundance Energy is a leading independent US E&P company focused on the exploration and production of oil and gas reserves in the Eagle Ford shale formation.

The Kirkland team was led by corporate partner Anthony Speier (Picture) and associates Will Eiland and Matt Gibson; capital markets partners Julian Seiguer and Bryan Flannery and associates Logan Weissler and Tony Flor; with assistance from environmental transactions partner Jonathan Kidwell and of counsel Jennifer Cornejo; tax partners David Wheat and Joe Tobias; antitrust and competition partner Carla Hine; derivatives partner Drue Santora; and corporate associates Skyler Sikes, Mitch Holliman and Sean Valentine.

Involved fees earner: Jennifer Cornejo – Kirkland & Ellis; William Eiland – Kirkland & Ellis; Bryan Flannery – Kirkland & Ellis; Tony Flor – Kirkland & Ellis; Matt Gibson – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Mitch Holliman – Kirkland & Ellis; Jonathan Kidwell – Kirkland & Ellis; Drue Santora – Kirkland & Ellis; Julian Seiguer – Kirkland & Ellis; Skyler Sikes – Kirkland & Ellis; Anthony Speier – Kirkland & Ellis; Joe Tobias – Kirkland & Ellis; Sean Valentine – Kirkland & Ellis; Logan Weissler – Kirkland & Ellis; David Wheat – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Sundance Energy;